EUR/USD: Euro declined on persistent worries over Italy; trading higher this morning

Posted on March 1, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, EUR declined 0.71% against the USD and closed at 1.3061, as political uncertainty in Italy and impending US government spending cuts reduced investors’ risk appetite. Moreover, adding to the gloom Euro-zone’s consumer price … Continue reading →

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USD/CAD: Loonie trading higher in the Asian session

Posted on March 1, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.69% against the CAD to close at 1.0307. The Loonie declined as disappointing US fourth quarter GDP overshadowed reports that Canada’s current account deficit narrowed in the Q42012 on … Continue reading →

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USD/CHF: Swissy reverses previous session losses

Posted on March 1, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD rose 0.89% against the CHF and closed at 0.9372. On the economic front, the gross domestic product (GDP) in Switzerland expanded 0.2% (QoQ) in the Q42012, compared to a 0.6% … Continue reading →

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AUD/USD: Aussie trading higher as manufacturing PMI in Australia boosts investor sentiment

Posted on March 1, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD weakened 0.12% against the USD to close at 1.0217. LME Copper prices remained flat or $3.0/MT to $7828.0/MT. Aluminium prices declined 0.6% or $12.0/MT to $1960.0/MT. In the Asian session, at … Continue reading →

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USD/JPY: Yen trading higher in the Asian session

Posted on February 28, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, the USD strengthened 0.23% against the JPY and closed at 92.33. In the Asian session, at GMT0400, the pair is trading at 92.26, with the USD trading marginally lower from yesterday’s close. In … Continue reading →

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EUR/USD: Euro buoyed on Italian bond auction; trading lower this morning

Posted on February 28, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, EUR rose 0.67% against the USD and closed at 1.3156, after Italy saw its borrowing costs rise less than had been feared. Moreover, upbeat European economic data also helped buoy the single currency. … Continue reading →

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GBP/USD: Gfk consumer confidence remains stable in February

Posted on February 28, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, GBP rose 0.24% against the USD and closed at 1.5166, as upbeat core durable goods orders and pending home sales data in the US helped buoy investor risk appetite. However, gains in … Continue reading →

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USD/CAD: Loonie trading flat in the Asian session

Posted on February 28, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined 0.21% against the CAD to close at 1.0234. The Loonie gained as upbeat US pending home sales data boosted investor risk appetite. In the Asian session, at GMT0400, the … Continue reading →

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AUD/USD: Aussie rises on encouraging Australian and Chinese data

Posted on February 28, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, AUD weakened marginally against the USD to close at 1.0229. LME Copper prices rose 0.6% or $46.0/MT to $7831.0/MT. Aluminium prices rose 0.1% or $1.0/MT to $1972.0/MT. In the Asian session, at … Continue reading →

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USD/CHF: Swissy trading lower ahead of the GDP data

Posted on February 28, 2013 by GCI Financial

  For the 24 hours to 23:00 GMT, the USD declined 0.32% against the CHF and closed at 0.9288. On the Swiss economic front, the UBS Swiss consumption indicator fell to a reading of 1.18 in January, from a revised … Continue reading →

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GBP/USD: Comments from BoE policymakers saps Sterling demand

Posted on February 27, 2013 by GCI Financial

For the 24 hours to 23:00 GMT, GBP fell 0.23% against the USD and closed at 1.5130. The Bank of England Deputy Governor, Paul Tucker stated that he is open to support more quantitative easing depending on the outlook for … Continue reading →

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